HEXO Corp. (NASDAQ:HEXO) shares gapped down before the market opened on Friday . The stock had previously closed at $5.62, but opened at $5.90. HEXO shares last traded at $5.72, with a volume of 179409 shares trading hands.
A number of research analysts have recently weighed in on HEXO shares. Beacon Securities reissued a “buy” rating on shares of HEXO in a research report on Tuesday, February 19th. Bank of America started coverage on shares of HEXO in a research report on Wednesday, April 17th. They set a “buy” rating for the company. CIBC started coverage on shares of HEXO in a research report on Tuesday, February 19th. They set an “outperform” rating and a $7.00 target price for the company. Jefferies Financial Group started coverage on shares of HEXO in a research report on Monday, February 25th. They set an “underperform” rating for the company. Finally, Oppenheimer started coverage on shares of HEXO in a research report on Tuesday, February 19th. They set an “outperform” rating and a $7.00 target price for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $8.63.
HEXO (NASDAQ:HEXO) last released its earnings results on Wednesday, March 13th. The company reported ($0.02) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.02. The company had revenue of $10.09 million for the quarter, compared to the consensus estimate of $10.01 million.
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HEXO Company Profile (NASDAQ:HEXO)
HEXO Corp., through its subsidiary, HEXO Operations Inc, produces, markets, and sells cannabis in Canada. The company offers dried cannabis under the Time of Day and H2 lines; Elixir, a cannabis oil sublingual mist product line; and Decarb, an activated fine-milled cannabis powder product. It provides its products under the HEXO and Hydropothecary brand names.
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